Adhesives and Sealants Market

Southeast Asia Adhesives and Sealants Market by Products (Polyvinyl Acetate, Polyurethane, Silicone, Acrylic, and Others), Technology (Solvent-borne [Poly Acrylate, Styrene-butadiene Rubber, and Others], Water-borne [Ethylene Vinyl Acetate Emulsion, Polyurethane Dispersion & Chloroprene Rubber Latex, Acrylic, Polyvinyl Acetate Emulsion, and Others], Reactive [Cyanoacrylate, Polyurethane, Modified Acrylic, Epoxy, Silicone, Anaerobic, and Others], Hot Melt [Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic Block Copolymers, and Others], and Others), End-users (Transportation, Paper, Board, & Packaging, Building & Construction, Woodworking & Joinery, Footwear & Leather, Healthcare, Electrical & Electronics, and Others), and Geography (Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-4045
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The Southeast Asia adhesives and sealants market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising application in the packaging industry and growing demand from the construction industry.

Adhesives and Sealants Market summary

Adhesives and sealants are used for providing heat resistance, sealing, bonding, and lowering vehicle weight in various applications especially in the automotive sector. Automotive adhesives and sealants are used in a wide range of applications from small components ranging from sensors to large components such as automobile chassis. One key aspect for the extensive use of the adhesives is that these materials reduce the overall vehicle weight and improve fuel efficiency at the same time. Sealants are more flexible than adhesives as they have better tensile and shear strength, making them appropriate for a variety of bonding and holding applications. Vinyl acetate monomer, ethylene, acrylics, polyester resins, epoxide resins, and propylene among other raw materials are utilized to make the bulk of adhesives used in the automotive industry nowadays.

The COVID-19 outbreak has brought negative impact on the Southeast Asia adhesives and sealants market owing to a decline in the manufacturing output of adhesives globally. The sharp decrease in demand for adhesives across the end-use industries such as automotive & transportation, building and construction, aerospace & defense, packaging, & consumer is another factor that hamper the market during the pandemic. The market is projected to resume an uptrend operation soon owing to the gradual subsiding of COVID cases across the countries.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for adhesives and sealants due to the rising activities of building and construction especially in developing countries is expected to boost the market growth in the coming years.
  • Wide applications of the adhesives for packaging materials of the food & beverage products is another key driver of the market.
  • Stringent environmental regulations for eco-friendly production presents a major challenge. This is anticipated to hamper the market growth in the projected period.
  • Fluctuating raw material prices associated with adhesives and sealants is expected to restrict the market growth in the coming years.
  • Rapid introduction of green, non-hazardous, and sustainable adhesives is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the Southeast Asia adhesives and sealants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Adhesives and Sealants Market - Southeast Asia Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Polyvinyl Acetate, Polyurethane, Silicone, Acrylic, and Others), Technology (Solvent-borne [Poly Acrylate, Styrene-butadiene Rubber, and Others], Water-borne [Ethylene Vinyl Acetate Emulsion, Polyurethane Dispersion & Chloroprene Rubber Latex, Acrylic, Polyvinyl Acetate Emulsion, and Others], Reactive [Cyanoacrylate, Polyurethane, Modified Acrylic, Epoxy, Silicone, Anaerobic, and Others], Hot Melt [Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic Block Copolymers, and Others], and Others), and End-users (Transportation, Paper, Board, & Packaging, Building & Construction, Woodworking & Joinery, Footwear & Leather, Healthcare, Electrical & Electronics, and Others)

Geographical Scope

Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Henkel AG & Co. KGaA; Arkema Group; Sika AG; H.B. Fuller; and 3M Co.

Market Segment Insights

Silicone segment to grow at a rapid pace

Based on products, the Southeast Asia adhesives and sealants market is divided into polyvinyl acetate, polyurethane, silicone, acrylic, and others. The silicone segment is expected to grow at a rapid pace during the forecast period owing to wide adoption of silicone as a core material for adhesive in infrastructure development along with rising construction activities. However, the polyurethane segment is anticipated to hold a key share of the market in the coming years due to excellent properties such as good abrasion, fast curing, chemical resistance, and excellent bond strength on different substrates.

Reactive segment to expand at a considerable CAGR

In terms of technology, the market is segregated into solvent-borne, water-borne, reactive, hot melt, and others. The solvent-borne segment is further divided into poly acrylate, styrene-butadiene rubber, and others. The water-borne segment is sub-categorized as ethylene vinyl acetate emulsion, polyurethane dispersion & chloroprene rubber latex, acrylic, polyvinyl acetate emulsion, and others. The reactive segment is further segmented into cyanoacrylate, polyurethane, modified acrylic, epoxy, silicone, anaerobic, and others, while the hot melt segment consists of thermoplastic polyurethane, ethylene vinyl acetate, styrenic block copolymers, and others. The reactive segment is projected to expand at a considerable CAGR during the forecast period attributed to certain advantages such as strong adhesion properties to a wide range of substrates, higher heat resistance, and high manufacturing speed owing to short stetting time.

Adhesives and Sealants Market technology

Building & construction segment to hold significant market share

On the basis of end-users, the Southeast Asia adhesives and sealants market is segmented into transportation, paper, board, & packaging, building & construction, woodworking & joinery, footwear & leather, healthcare, electrical & electronics, and others. The building & construction segment is anticipated to hold significant market share in the coming years owing to rapid technological and architectural innovation across the segment. However, the paper, board, & packaging segment are anticipated to hold a key share of the market in the coming years due to rising demand for packaging products in the healthcare sector such as surgical masks, PPE kits, and others.

Adhesives and Sealants Market end-users

Indonesia to constitute a key market share

In terms of geography, the market is classified as Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines. Indonesia is expected to constitute a key share of the market during the projected period owing to increasing spending in healthcare infrastructure across the country. However, the market of Malaysia is anticipated to expand at a rapid pace during the forecast period attributed to growing construction activities in the country.

Segments

Segments Covered in the Report
The Southeast Asia adhesives and sealants market has been segmented on the basis of
Products

  • Polyvinyl Acetate
  • Polyurethane
  • Silicone
  • Acrylic
  • Others

Technology

  • Solvent-borne
    • Poly Acrylate
    • Styrene-butadiene Rubber
    • Others
  • Water-borne
    • Ethylene Vinyl Acetate Emulsion
    • Polyurethane Dispersion & Chloroprene Rubber Latex
    • Acrylic
    • Polyvinyl Acetate Emulsion
    • Others
  • Reactive
    • Cyanoacrylate
    • Polyurethane
    • Modified Acrylic
    • Epoxy
    • Silicone
    • Anaerobic
    • Others
  • Hot Melt
    • Thermoplastic Polyurethane
    • Ethylene Vinyl Acetate
    • Styrenic Block Copolymers
    • Others
  • Others

End-users

  • Transportation
  • Paper, Board, & Packaging
  • Building & Construction
  • Woodworking & Joinery
  • Footwear & Leather
  • Healthcare
  • Electrical & Electronics
  • Others

Geography

  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
  • The Philippines

Key Players

Competitive Landscape

Key players competing in the Southeast Asia adhesives and sealants market are Henkel AG & Co. KGaA; Arkema Group; Sika AG; H.B. Fuller; and 3M Co. Manufacturers in the industry have employed a range of strategic initiatives to expand their consumer base and obtain a competitive advantage over competitors. Some of the key market strategies adopted by players include collaborations, mergers and acquisitions, and partnerships. Furthermore, in order to maintain their market competitiveness, businesses are focusing their R&D spending on the production and introduction of new products.

Adhesives and Sealants Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Adhesives and Sealants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Adhesives and Sealants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Adhesives and Sealants Market - Supply Chain
  4.5. Global Adhesives and Sealants Market Forecast
     4.5.1. Adhesives and Sealants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Adhesives and Sealants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Adhesives and Sealants Market Absolute $ Opportunity
5. Global Adhesives and Sealants Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Adhesives and Sealants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Adhesives and Sealants Demand Share Forecast, 2019-2026
6. North America Adhesives and Sealants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Adhesives and Sealants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Adhesives and Sealants Demand Share Forecast, 2019-2026
7. Latin America Adhesives and Sealants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Adhesives and Sealants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Adhesives and Sealants Demand Share Forecast, 2019-2026
8. Europe Adhesives and Sealants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Adhesives and Sealants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Adhesives and Sealants Demand Share Forecast, 2019-2026
9. Asia Pacific Adhesives and Sealants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Adhesives and Sealants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Adhesives and Sealants Demand Share Forecast, 2019-2026
10. Middle East & Africa Adhesives and Sealants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Adhesives and Sealants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Adhesives and Sealants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Adhesives and Sealants Market: Market Share Analysis
  11.2. Adhesives and Sealants Distributors and Customers
  11.3. Adhesives and Sealants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Henkel AG & Co. KGaA
     11.4.2. Arkema Group
     11.4.3. Sika AG
     11.4.4. H.B. Fuller
     11.4.5. 3M Co.

Segments Covered in the Report
The Southeast Asia adhesives and sealants market has been segmented on the basis of
Products

  • Polyvinyl Acetate
  • Polyurethane
  • Silicone
  • Acrylic
  • Others

Technology

  • Solvent-borne
    • Poly Acrylate
    • Styrene-butadiene Rubber
    • Others
  • Water-borne
    • Ethylene Vinyl Acetate Emulsion
    • Polyurethane Dispersion & Chloroprene Rubber Latex
    • Acrylic
    • Polyvinyl Acetate Emulsion
    • Others
  • Reactive
    • Cyanoacrylate
    • Polyurethane
    • Modified Acrylic
    • Epoxy
    • Silicone
    • Anaerobic
    • Others
  • Hot Melt
    • Thermoplastic Polyurethane
    • Ethylene Vinyl Acetate
    • Styrenic Block Copolymers
    • Others
  • Others

End-users

  • Transportation
  • Paper, Board, & Packaging
  • Building & Construction
  • Woodworking & Joinery
  • Footwear & Leather
  • Healthcare
  • Electrical & Electronics
  • Others

Geography

  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
  • The Philippines

Key Players

Key players competing in the Southeast Asia adhesives and sealants market are Henkel AG & Co. KGaA; Arkema Group; Sika AG; H.B. Fuller; and 3M Co. Manufacturers in the industry have employed a range of strategic initiatives to expand their consumer base and obtain a competitive advantage over competitors. Some of the key market strategies adopted by players include collaborations, mergers and acquisitions, and partnerships. Furthermore, in order to maintain their market competitiveness, businesses are focusing their R&D spending on the production and introduction of new products.

Adhesives and Sealants Market keyplayers

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